Business

Mayor Ndigbo: Chisco Boss Anyaegbu Withdraws From Investiture

December 13, (THEWILL) - The Chairman/Chief Executive Officer of Chisco Group of Companies, Dr Chidi Anyaegbu, has announced his decision to step back from the planned installation as National Life Patron of the United Igbo Elders Council Worldwide...

Seplat Energy Completes Acquisition Of Mobil Nigeria From ExxonMobil

December 13, (THEWILL) - Seplat Energy Plc has finalized its acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil Corporation, marking a significant milestone in the Nigerian oil and gas sector. The $800 million transaction, initially agreed upon in...

Access Bank Expands Footprint With Acquisition Of South Africa’s Bidvest Bank

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December 12, (THEWILL) - Nigeria’s Access Holdings Plc, the largest financial services group in the country by total assets, has announced a major step in its continental expansion strategy with the acquisition of Bidvest Bank Limited, a South...

Norwegian Energy Giant Equinor Exits Nigeria, Azerbaijan

December 10, (THEWILL) - Norwegian energy giant, Equinor has exited the upstream business in Nigeria and Azerbaijan after completing oil and gas asset sales of $2 billion. The divestments of assets and exits from operations in Nigeria were...

Banks’ Recapitalisation: Experts Outline Key Factors For Effective Delivery

December 09, (THEWILL) - The ongoing recapitalisation of Nigerian banks must be executed in a manner that boosts investors’ confidence while guiding against short-changing them, industry experts and stakeholders have emphasized.   This view was expressed at the annual conference of...

Q3 2024: FCMB’s 63% Pre-tax Profit Signals Strong Year-end Growth

December 08, (THEWILL) – FCMB Group Plc recently announced a pre-tax profit of N27.6 billion for the third quarter of 2024, up from N16.9 billion in the same period last year, and this points to a bountiful 2024 annual...

BoI, AGF Sign $50m Portfolio Agreement to Support Women in Finance

December 08, (THEWILL) – The Bank of Industry (BoI) and African Guarantee Fund (AGF) have signed a 50 million dollars portfolio guarantee agreement in support of the African Development Bank’s Group (AfDB) Affirmative Finance Action for Women in Africa...

Malta Among Nigeria’s Major Import Trading Partners in Q3 2024

December 08, (THEWILL) – Malta, the tiny European island country in the Mediterranean Sea, off the Italian coast, was among Nigeria’s top five trading countries in terms of import in the third quarter of the year (Q3 2924), according...

World Bank Pledges Historic $100bn Support For World’s Poorest Nations

December 06, (THEWILL) - The World Bank has announced a record-breaking financial package to support the world’s most vulnerable countries, leveraging $24 billion in donor contributions to generate $100 billion in concessional financing through its International Development Association...

CITN President Lauds Media Role In Tax Reform Engagements

December 05, (THEWILL) - The President of the Chartered Institute of Taxation of Nigeria (CITN), Barrister Samuel Agbeluyi, mni, FCTI, has emphasised the critical role of the media in driving informed public discourse on tax reforms and fiscal policies. Speaking...